Wynn Interactive withdraws online gambling application in New Jersey

Casino mogul Steve Wynn is passing on Atlantic City, again, as Wynn Interactive has withdrawn a license application to conduct Internet gambling in New Jersey.

In a Sept. 2 letter to the gaming enforcement division, a lawyer for Wynn wrote that “at this time, Wynn does not wish to proceed with its application.” The division allowed it to withdraw the application two days later.

Wynn Interactive took preliminary steps in July 2013 to enter New Jersey’s Internet gambling market and would have partnered with Caesars Interactive. But the company later warned it might still change its mind as Steve Wynn said that Internet gambling “is not a good entrepreneurial opportunity.”

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